In a significant move to bolster the country's industrial landscape, SME Foundation and Prime Bank have officially entered into a refinancing agreement aimed at enhancing credit access for Cottage, Micro, Small, and Medium Enterprises (CMSMEs).
This collaboration operates under the government's Tk 3 billion Revolving Fund and follows the Credit Wholesaling guidelines designed to stimulate economic growth at the grassroots level, says a press release.
The formal signing took place in Dhaka recently in the presence of Minister for Industries, Commerce, and Textiles & Jute Khandaker Abdul Muktadir.
Under this agreement, Prime Bank will facilitate low-cost loans to eligible entrepreneurs with a maximum interest rate capped at 8 per cent per annum.
Prime Bank's Additional Managing Director M. Nazeem A. Choudhury and SME Foundation's MD Anwar Hossain Chowdhury emphasised that this alignment will not only create jobs but also strengthen overall resilience of the CMSME sector.
SME Foundation, Prime Bank sign agreement to boost CMSME growth
FE Team | Published: April 18, 2026 22:32:33
The signing ceremony took place in Dhaka recently in the presence of Industries Minister Khandaker Abdul Muktadir.
Share if you like